How long do car accidents affect my insurance rates?
I have heard that accidents and tickets will affect car insurance rates for five years. I was in an accident four years ago, that was determined to be my fault. Now, my (old) insurance company just settled this claim. Is this going to affect my rates for five years from the settlement date or from the date of the accident?
totally depends on company & specifics. in your case, from date of accident, i think. i had a minor accident (w/ my own garage!) & it was only 2 years.
I’ve found some helpful info here too:
http://car-insurance.66ghz.com
Have a nice day.
i think from the date of the accident
References :
Typically most companies look back three years for at fault accidents and traffic tickets and five years for DWIs. It will only affect you three years from the date of the accident, not the settlement.
References :
Depending were you live it can be from 5 to 6 years for Accidents and 3 years for conviction (I am in Ontario Canada)
your accident will only be affected from the date of the accident and not the settlement date..
So don’t worry you only have 1 or 2 more years to go..
References :
Registered Insurance Broker.
totally depends on company & specifics. in your case, from date of accident, i think. i had a minor accident (w/ my own garage!) & it was only 2 years.
I’ve found some helpful info here too:
http://car-insurance.66ghz.com
Have a nice day.
References :